Unemployment in Russia Returns to Pre-pandemic Levels

The instructions of Russian President Vladimir Putin to return to pre-pandemic unemployment rates has been fulfilled, said Russian Deputy Prime Minister Tatyana Golikova.

In July 2021, unemployment reached pre-pandemic levels for the first time.

According to Golikova, Russian authorities have acted on Putin’s instructions, achieving pre-pandemic indicators of the unemployment rate in the country.

During the pandemic in 2020, 11% of employed Russians worked remotely, said Golikova.

Rosstat last week published the latest data on the labor market for July. Unemployment in July fell to 4.5%, while the historical minimum in Russia was 4.3% of the economically active population.

During the pandemic, unemployment rose from 4.7% to a peak of 6.4% in August.